NOT LISTED FOR SALE

Estimated Value: $805,000 - $1,086,000

3 Beds
2 Baths
1,770 Sq Ft
$567/Sq Ft Est. Value

Last Sold December 20, 2013

Last sale price $367,760 $208 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $5,808/month

88 Days on Market

About This Home

As of December 2013

Spanish style duplex in close proximity to Expo Line LaBrea Station. Upstairs is a bright and airy one bedroom unit with an updated kitchen and bath. Small office and closet tucked away off living room. Downstairs is also a one bedroom with an additional area under the stairs that could be used as an office or small den. Three car garage plus an open parking space. New exterior paint. New garage doors. Some upgrades to electrical. Property is zoned CM and may allow for some flexible uses. When completed, the Expo Line will connect Downtown and Santa Monica making this a practical and convenient location.

Last Agent to Sell the Property

Dannie Cavanaugh

Cavanaugh Realtors License #00576151 Listed on: 07/25/2013

Last Buyer's Agent

Janet Jung

Estate Properties License #01265366

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,625

Year Built

  • Built in 1924

Lot Details

  • 3,359 Sq Ft Lot
  • Lot Dimensions are 48x70

Home Design

  • Duplex
  • Spanish Architecture

Interior Spaces

  • 1,770 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Car Detached Garage
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5043-025-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,625

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1770
  • Lot Dimensions: 48X70
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal
  • Price Per S Q F T: 219.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Detached, Garage, Uncovered
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Water Expense: 2400.00

Fee Information

  • Insurance Expense: 876.00
  • Maintenance Expense: 2000.00
  • Other Expense: 200.00

Lot Info

  • Assessed Improvement Value: 49470
  • Assessed Land Value: 153000
  • Assessor Parcel Number: 5043-025-001
  • Geocode Override: No
  • Lot Size Area: 3359

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.20
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 10938
  • Type Of Units: duplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 4862.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2013
Closed on
Dec 11, 2013
Sold by
Degallo Jacqueline Fuentes
Bought by
Gallo Christopher J
Seller's Agent
Dannie Cavanaugh
Cavanaugh Realtors
Buyer's Agent
Janet Jung
Estate Properties
List Price
$395,000
Sold Price
$367,760
Premium/Discount to List
-$27,240
-6.9%
Current Estimated Value
$1,003,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$635,383
Avg. Annual Appreciation
8.87%
Original Mortgage
$294,208
Outstanding Balance
$215,848
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$787,295

Purchase Details

Listed on
Jul 25, 2013
Closed on
Dec 9, 2013
Sold by
Goodrow Dennis S
Bought by
Gallo Christopher J
Seller's Agent
Dannie Cavanaugh
Cavanaugh Realtors
Buyer's Agent
Janet Jung
Estate Properties
List Price
$395,000
Sold Price
$367,760
Premium/Discount to List
-$27,240
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,208
Outstanding Balance
$215,848
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$787,295

Purchase Details

Closed on
May 25, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Goodrow Dennis S and Goodrow Meridith G Fields

Purchase Details

Closed on
Jan 19, 2007
Sold by
Medina Orlando R
Bought by
Deutsche Bank National Trust Co and Ameriquest Mortgage Securities Inc Asset

Purchase Details

Closed on
Jun 12, 2002
Sold by
Ventura Carlos
Bought by
Medina Orlando R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
8.99%

Purchase Details

Closed on
Apr 20, 2000
Sold by
Hud
Bought by
Ventura Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,400
Interest Rate
8.15%

Purchase Details

Closed on
Jun 28, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Apr 19, 1996
Sold by
Findling Michael W
Bought by
Garcia Norma and Garcia Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,986
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 1996
Sold by
Niestatek Bronislaw and Burdeno Margaret Julia Niestatek
Bought by
Findling Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gallo Christopher J -- Lawyers Title
Gallo Christopher J $368,000 Lawyers Title
Goodrow Dennis S $198,500 None Available
Deutsche Bank National Trust Co $496,050 Town & Country Title Service
Medina Orlando R $225,000 Commonwealth Title
Ventura Carlos $140,500 Provident Title
Hud -- Landsafe Title
Countrywide Home Loans Inc $148,703 Landsafe Title
Garcia Norma $140,000 Continental Lawyers Title Co
Findling Michael W $80,000 --
Burdeno Margaret Julia Niestatek -- --
Findling Michael W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallo Christopher J $294,208
Previous Owner Medina Orlando R $191,250
Previous Owner Ventura Carlos $112,400
Previous Owner Garcia Norma $137,986
Previous Owner Findling Michael W $80,000
Closed Medina Orlando R $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2013 12/20/13 Sold $367,760 -6.9% $208 / Sq Ft
10/21/2013 10/21/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $395,000 -- $223 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,625 $451,107 $328,526 $122,581
2024 $5,625 $442,263 $322,085 $120,178
2023 $5,521 $433,592 $315,770 $117,822
2022 $5,267 $425,091 $309,579 $115,512
2021 $5,191 $416,757 $303,509 $113,248
2019 $5,036 $404,397 $294,507 $109,890
2018 $4,988 $396,469 $288,733 $107,736
2016 $4,758 $381,075 $277,522 $103,553
2015 $4,690 $375,352 $273,354 $101,998
2014 $4,716 $368,000 $268,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-691385

The MLS

APN: 5043-025-001